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Mar 21, 2013
03/13
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you talked about the debt ceiling, what did he say about that? >> i did. one of the next fights comeing up here, we could expect to hit the ceiling this summer in august. he says we're not going to agree to raise the debt ceiling without doing something about entitlements. mcconnell says this brings the president to the table so republicans want an equal number of cuts or more cuts than whatever amount they agreed to raise the debt ceiling by. mcconnell says it's got to come from entitlements because you can't do enough of what we've seen so far, discretionary spending. tracy: they want us off the beach in the summer. we'll have another debt ceiling fight, be here in august sweating it out again. >> yeah, can't wait. tracy: i know, me too. rich, take the vacation now, thanks. >> yeah. tracy: ha-ha, okay, you may want to sit for the next story. members of congress workedded together and passed a bill that will keep the government open for the next six months. who knows what happens in six months though. now the deadline was not tomorrow, and there were no f
you talked about the debt ceiling, what did he say about that? >> i did. one of the next fights comeing up here, we could expect to hit the ceiling this summer in august. he says we're not going to agree to raise the debt ceiling without doing something about entitlements. mcconnell says this brings the president to the table so republicans want an equal number of cuts or more cuts than whatever amount they agreed to raise the debt ceiling by. mcconnell says it's got to come from...
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Mar 23, 2013
03/13
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a deal that would avoid, for example, having to worry about raising the debt ceiling end of july, early august. is that at all doable? >> it is possible. i wouldn't go as far as saying doable now. but what i will say, the difference in approach now versus say two years ago when they tried this and it failed and it was, you know, almost the end of the world as the u.s. bumped up against the debt ceiling, the difference is they are going through what we call in washington regular order. everything is done in the open. i think that has lead to a different atmosphere on capitol hill where people know what's going on, they're voting on measures, and they're not waiting to see the white smoke from the white house when the president and house speaker and others are having private meetings that nobody is involved in. the fact that they didn't trust each other, then rank and file didn't trust them behind closed doors, that added to the problem. the fact it is happening in the open could help. >> at least the president is engaged in the so-called charm offensive, speaking with republicans, inviti
a deal that would avoid, for example, having to worry about raising the debt ceiling end of july, early august. is that at all doable? >> it is possible. i wouldn't go as far as saying doable now. but what i will say, the difference in approach now versus say two years ago when they tried this and it failed and it was, you know, almost the end of the world as the u.s. bumped up against the debt ceiling, the difference is they are going through what we call in washington regular order....
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Mar 23, 2013
03/13
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this was pt of the deal by extending the debt ceiling. because they wanted to make the democrats vote on a budget. lou: how can so many members of our senate continued to spend whatever and the like they have on these procedural maneuvers. >> that is basically what the senate does. >> there i go. >> constituency to get the house and the senate together. no presidential leadership yet for a grand bargain. no sense that we can reform the tax system and entitlements. perform defense and have a ratial rational and reasonable defense. >> why in the world is the president of the united states not moving forward with a budget that would be a blueprint to resolving those proposals? >> the words that seem to be operative here are cowardice or oppounism. it has to be one of the two. >> to do the wrong thing continually is not the act of a coward. lou: are you saying that the president is incapable of doing the right thing? >>'m comparing how talented this man is. >> why doesn't he apply that? >> you know, that turns out to be laughable. the odds ar
this was pt of the deal by extending the debt ceiling. because they wanted to make the democrats vote on a budget. lou: how can so many members of our senate continued to spend whatever and the like they have on these procedural maneuvers. >> that is basically what the senate does. >> there i go. >> constituency to get the house and the senate together. no presidential leadership yet for a grand bargain. no sense that we can reform the tax system and entitlements. perform...
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Mar 21, 2013
03/13
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we were down two years ago when we had spain one and the first debt ceiling, we were down 10%. this week we're barely down at all, maybe a percent. every time we get through one of these and we will get through this, more and more investors become convinced that the category 10 earthquake has already happened. and long-dated assets like equities should be worth what we think they are worth based on long-term fair value assessments. we think the s&p should be trading 17, 18 times. >> let me get more personal, then, steve. are you a buyer, as we see any kind of cyprus-inspired dips like today, like recently, would you be a buyer? >> absolutely. we're recommending people be overweight eck witdquityequitie. that's what we would be doing here, mandy. i think jack's going to be waiting a long time. europe's going to have a series of these aftershocks, but it's part of the healing process. i think they will get through this cyprus thing. i think most european aren't even sure if cyprus is part of the eu. it's got this russian interest which makes it very unique. it's very different th
we were down two years ago when we had spain one and the first debt ceiling, we were down 10%. this week we're barely down at all, maybe a percent. every time we get through one of these and we will get through this, more and more investors become convinced that the category 10 earthquake has already happened. and long-dated assets like equities should be worth what we think they are worth based on long-term fair value assessments. we think the s&p should be trading 17, 18 times. >>...
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Mar 18, 2013
03/13
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ceiling vote coming up soon. we have to stop the spending -- >> neil: you used to work there, and i always think there's a method to all madness, and i think that someone there, within the ranks of the party establish; must be saying, we can't agreg aggressively push this because maybe in and of itself, pushing the idea of immediately attacking the debt and we don't, immediately backfires on us. >> i'll go bark the words of the former chairman of the joint chiefs of staff mullen who said our debt is the most critical national security crisis of the country. that it is coming from the chairman of the joint chiefs of staff. i believe everybody else in washington, dc would get onboard. you would not think that something such as that financial matter would have something to do with national security but it does you. look at what its going on with the missile interceptors we're moving up into alaska, it's costing us now two to three times what should it have cost, and we'll hear to borrow money from china, in order to
ceiling vote coming up soon. we have to stop the spending -- >> neil: you used to work there, and i always think there's a method to all madness, and i think that someone there, within the ranks of the party establish; must be saying, we can't agreg aggressively push this because maybe in and of itself, pushing the idea of immediately attacking the debt and we don't, immediately backfires on us. >> i'll go bark the words of the former chairman of the joint chiefs of staff mullen who...
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Mar 21, 2013
03/13
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obviously, corporate profits are up, but when you take into account our debt ceiling issues and then our -- obviously, o national debt and deficits -- neil: are they whistling past the graveyard? >> we'll have an adjustment. i hope not. i hope we continue to build incomes up, keep the corporate profits up, but unless we reform the tax code, unless we reform, obviously, the entitlement programs, unless we get debt and deficit and fiscal issues under control, we're in trouble. neil: senator, i thought you were swimming upstream in massachusetts. amazing, ted kennedy's seat, shocking, actually. maybe you set sights on a national stage where your argument resinates more among folks in the country. are you interested in that? >> i think you need people like me and others. you have rubio, portman, thune, good republicans, a lot of good democrats who bring a common sense approach to who we are -- neil: i know that, but would you specifically, scott brown? >> i'm not ruling anything out, but now i'm happy and honored to be a fox contributor. i'll recharge engines and bring my message to the
obviously, corporate profits are up, but when you take into account our debt ceiling issues and then our -- obviously, o national debt and deficits -- neil: are they whistling past the graveyard? >> we'll have an adjustment. i hope not. i hope we continue to build incomes up, keep the corporate profits up, but unless we reform the tax code, unless we reform, obviously, the entitlement programs, unless we get debt and deficit and fiscal issues under control, we're in trouble. neil:...
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Mar 23, 2013
03/13
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we're not there yet which we got a debt ceiling debate that's going to be coming in the next few months. while they passed two budgets they haven't gone through the whole process. we could continue with a number of stop gap measures keeping government from shutting down until someone comes to a big agreement. host: on our line for republicans, go ahead. caller: thank you sir for taking my call which really enjoy c-span. i don't get to watch it much due to the fact i'm in school monday through friday. i'm an american government teacher and have been for the last 19 years and i have a question the for your young lady. i would like her to define the word politico. that's the first question. number two, what is frightening for the student i face daily and have faced for the past 19 we now the fact that govern by party, we don't govern by the constitution. ealthcare not mentioned in the document. not expressly or interntly mentioned by the document. if washington would have thought it was important, it would have been in there. secondly resolutions as you mentioned are not binding and all it
we're not there yet which we got a debt ceiling debate that's going to be coming in the next few months. while they passed two budgets they haven't gone through the whole process. we could continue with a number of stop gap measures keeping government from shutting down until someone comes to a big agreement. host: on our line for republicans, go ahead. caller: thank you sir for taking my call which really enjoy c-span. i don't get to watch it much due to the fact i'm in school monday through...
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Mar 21, 2013
03/13
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ceiling debates, they are going to have to shut the government down. we still take in 2.7 trillion, will pay for medicare, social security, will pay off our debt, the full faith and credit of the united states, but isn't that the only way that ryan's budget gets done? >> no, no, not at all. ryan's budget, you know, we're going to have a series of sequential battles. what's going to happen is the democrats in the senate are going to ultimately pass some kind of a budget resolution. i doubt it's going to be like this one. republicans in the the house are going to pass the budget committee resolution and these set levels for all of the appropriations committee allowing for protection and that is to say you can have expedited consideration of appropriations bills that fall under that level. the republicans are going to pass bills that have spending lower than the democrats. the democrats are going to have bills, they're higher than the republicans and then we're going to fight it out bill by bill by bill by bill through the balance of the year and see a cl
ceiling debates, they are going to have to shut the government down. we still take in 2.7 trillion, will pay for medicare, social security, will pay off our debt, the full faith and credit of the united states, but isn't that the only way that ryan's budget gets done? >> no, no, not at all. ryan's budget, you know, we're going to have a series of sequential battles. what's going to happen is the democrats in the senate are going to ultimately pass some kind of a budget resolution. i doubt...
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Mar 18, 2013
03/13
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the next speaker has been an outspoken advocate to not raise the debt ceiling so our children do not inherit a debt-ridden future. the next speaker has been outspoken for the unilateral repeal for obamacare. [applause] more so than anything else, our next speaker is one of the most courageous conservatives in the country. she stands for principle, she will oppose a republican just like she will oppose a democrat. she's fighting if the future of the country so my generation can prosper. ladies and gentlemen please join me in welcoming congresswoman michelle bachman. [applause] >> good morning. good to see you. good morning. love you too! good morning. welcome, everyone. thank you for that wonderful cpac early morning welcome. welcome to washington, d.c. the epicenter of care and compassion. it is a very unique city as you know. you have to show a photo i.d. in other words to have a white house tour then they turn around and demand you put away your i.d. before you vote for the man sitting in the white house. it is a city of care and compassion. i want to ask you an important question
the next speaker has been an outspoken advocate to not raise the debt ceiling so our children do not inherit a debt-ridden future. the next speaker has been outspoken for the unilateral repeal for obamacare. [applause] more so than anything else, our next speaker is one of the most courageous conservatives in the country. she stands for principle, she will oppose a republican just like she will oppose a democrat. she's fighting if the future of the country so my generation can prosper. ladies...
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Mar 22, 2013
03/13
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ceiling showdown. am i wrong? then from a policy perspective, can the two sides meet? >> well, i think it's important to remember that we actually have had two and a half trillion dollars of deficit reduction agreed to already. and in all of the votes that they've taken so far we've had significant deficit reduction and both taxes but mostly in spending. and i would say, you know, it does feel like groundhog day because we've gone through two and a half years. great movie. not so great when it's congress. >> not fun when it's real. right. >> but we feel like we have this, i mean, how many times has speaker boehner said one to one? i know it's tiring but the idea that we're going to negotiate the debt limit? i mean, i think it's -- the president should refuse to negotiate on the debt limit. >> he has in the past. >> i think he should hold to that position now because i think the challenge for republicans is that this whole debate has weighed them down as a party. their numbers get worse every time they
ceiling showdown. am i wrong? then from a policy perspective, can the two sides meet? >> well, i think it's important to remember that we actually have had two and a half trillion dollars of deficit reduction agreed to already. and in all of the votes that they've taken so far we've had significant deficit reduction and both taxes but mostly in spending. and i would say, you know, it does feel like groundhog day because we've gone through two and a half years. great movie. not so great...
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Mar 18, 2013
03/13
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ceiling is hit. i think that's the most fertile time for us. i think what republicans want to see, wolf, they want to see a 75-year actuary soundness. we want to make sure the programs are going to be there for the future. the president knows we want to make sure these programs are there, and what the presidents wants, obviously, is some additional revenue. i believe there's a possibility if we could get the 75-year soundness on medicare and social security with appropriate changes and reforms, i think there may be a way through full tax reform to do something that will generate revenue and fit the needs of both sides, and that's what i'm hopeful is going to happen over the next four months. look, there's no negotiation that's happening right now. there's some general discussions that have taken place, but i think the environment is going to be the best that it's been in the next several months. >> just to be precise, under certain circumstances to save social security and medicare over 75 years, you
ceiling is hit. i think that's the most fertile time for us. i think what republicans want to see, wolf, they want to see a 75-year actuary soundness. we want to make sure the programs are going to be there for the future. the president knows we want to make sure these programs are there, and what the presidents wants, obviously, is some additional revenue. i believe there's a possibility if we could get the 75-year soundness on medicare and social security with appropriate changes and reforms,...
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Mar 24, 2013
03/13
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. >> shannon: there are all kinds of fiscal issues with the budget, with sequester and the debt ceiling, not far off. have you offered a number of ways that you think the federal government could be cutting back. your office is good at looking at budgets and plans. you have note aid number of things that could have been done n. liu of closing the white house to public visitors, but did you have bipartisan crossover. >> i had bipartisan crossover because they're getting ready to run for election. there is a game play in the senate. this administration wants to show the american public that we can't cut $44 billion between now and september 30 without them experiencing massive pain. they have every intention to make it hurt to get the point that we need to spends every penny we are spending. which is absolutely ludicrous. it's a shame they are doing that because a lot of things -- we are going to have air traffic control towers shut down. they are not shut down because they are too expensive. on average, they cost $wo.3 million less per year to operate. they are shut down to come back wit
. >> shannon: there are all kinds of fiscal issues with the budget, with sequester and the debt ceiling, not far off. have you offered a number of ways that you think the federal government could be cutting back. your office is good at looking at budgets and plans. you have note aid number of things that could have been done n. liu of closing the white house to public visitors, but did you have bipartisan crossover. >> i had bipartisan crossover because they're getting ready to run...
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Mar 23, 2013
03/13
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we have a debt ceiling. while they passed to budgets, they still have not gone to the whole process. we could continue with these stop-measures to keep the government from shutting down until eight -- an agreement is made. , go ahead.ssee caller: i would like her to define the word "politico." americanught government for the past 19 years and we are not governed by parties. we do not covered by the constitution. example which one is not mentioned in the constitution. if madison and hamilton thought it was important and washington thought it was important, it would have been in there. resolutions are non- binding. all it does is increase the burden of debt of my students who are now in debt probably $50,000 already. they have not graduated from high school already. households are in debt to the tune of $150,000 -- host: you have given us a lot to work with. what level do you teach? caller: high school. 12th graders? caller: yes, sir, u.s. government. guest: host: if you go to our website, you will find inform
we have a debt ceiling. while they passed to budgets, they still have not gone to the whole process. we could continue with these stop-measures to keep the government from shutting down until eight -- an agreement is made. , go ahead.ssee caller: i would like her to define the word "politico." americanught government for the past 19 years and we are not governed by parties. we do not covered by the constitution. example which one is not mentioned in the constitution. if madison and...
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Mar 26, 2013
03/13
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CURRENT
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for a few months, we have another confrontation with the debt ceiling coming up i think in july. and we're going to be fighting that again. we come up with these kind of -- it is like running a hurdles race. every few months, we put up another hurdle. the race is the same race and the battle is the same one. that is whether we're going to have an approach to the budget which invests in things which will keep america growing and prospering over the next couple of decades or whether we'll just try the same austerity program that failed miserably in europe. we put up these hurdles every few months that make it difficult for the public to get a grasp on what's going on. >> bill: yeah. each time, it is we're going over the fiscal cliff. then in the meantime, we have added to it now. the sequester. where we're seeing more and more impacts of it. what have you seen in your district or what are you hearing from your colleagues about impacts of the sequester at the local level? >> well, of course, everyone has any kind of civilian military population around is beginning to feel -- there w
for a few months, we have another confrontation with the debt ceiling coming up i think in july. and we're going to be fighting that again. we come up with these kind of -- it is like running a hurdles race. every few months, we put up another hurdle. the race is the same race and the battle is the same one. that is whether we're going to have an approach to the budget which invests in things which will keep america growing and prospering over the next couple of decades or whether we'll just...